Eightcap Challenge Coupon Code: FT20 for 20% Off (Sept 2026)
Coupon Code · Verified 9 September 2026
Eightcap Challenge Coupon Code: FT20
Code FT20 takes 20% off every Eightcap Challenges evaluation, One Phase and Two Phase, at any account size. On the $50,000 One Phase that is about $86 back, dropping the fee from roughly $429 to roughly $343. Most codes floating around for this firm are 10%. Ours is double that, and this page shows the exact maths plus the three rules the discount does not touch.
Eightcap Challenges is the prop arm of the Eightcap broker group, which has run a brokerage since 2015 under ASIC, FCA and CySEC licences. The challenges launched in July 2025 and run on MT4, MT5, TradeLocker and TradingView. This page is about the coupon code only. For the drawdown model, the funded account rules and how we arrived at 6.8, read the full Eightcap Challenges review.
What FT20 actually saves you
FT20 is a straight 20% off the evaluation fee. It is not tiered, so the percentage is the same whether you buy the $5,000 account or the $200,000 one. The bigger the account, the bigger the cash saving.
| Account | List price | With FT20 | You save |
|---|---|---|---|
| One Phase $5,000 | $69 | ≈$55 | ≈$14 |
| Two Phase, entry tier | $59 | ≈$47 | ≈$12 |
| One Phase $50,000 | $429 | ≈$343 | ≈$86 |
| One Phase $200,000 | $1,299 | ≈$1,039 | ≈$260 |
| $25,000 and $100,000 tiers | not independently priced apply FT20 at checkout to see the exact figure | ||
Why 20% beats the codes you will find elsewhere
Search this term and you will land on a row of coupon aggregators. Almost all of them are offering the same thing. Vetted Prop Firms lists code VETTED at 10% off. ForexCoupons and CouponMister both advertise 10%. Code PFA appears on several of those pages with no stated percentage at all.
A couple of generic coupon sites claim up to 30% off Eightcap. We could not find a working code behind that number anywhere, and generic coupon databases routinely scrape stale or invented figures for prop firms. If you find a live 30% code, use it. We are not going to publish a number we cannot stand behind.
| Source | Code | Discount | Saving on the $50K One Phase |
|---|---|---|---|
| PropFirmReviews | FT20 | 20% | ≈$86 |
| Vetted Prop Firms | VETTED | 10% | ≈$43 |
| ForexCoupons, CouponMister | various | 10% | ≈$43 |
| Generic coupon databases | none named | "up to 30%", unverified | unknown |
Three things the discount does not change
Twenty percent off a fee is worth having. It is also the easiest part of the decision, and it is the only part most coupon pages will tell you about. These three rules matter more to what an Eightcap challenge actually costs you.
The drawdown trails. Maximum drawdown is 8% on One Phase and 10% on Two Phase, and both are reported as trailing, meaning the limit follows your equity up and does not drop back when equity falls. A trailing 8% against a 10% profit target leaves very little room to hand back an open profit. FTMO applies a static 10% on its two-step model, which is more forgiving on the same journey.
There is a consistency rule that is not in the headline table. Eightcap Challenges applies a 25% to 30% distribution limit where profit is concentrated in a single session. It is a consistency rule in all but name, and it is the sort of thing traders discover after a good week rather than before. Run your own numbers through the consistency calculator before you assume a strong day will pass review.
How to use code FT20
- Open Eightcap Challenges through this link so the discount is tracked against our code.
- Pick One Phase or Two Phase, then choose your account size. One Phase has a 10% target, a 4% daily loss limit and 8% trailing max drawdown. Two Phase splits the target into 10% then 8%, with a 5% daily limit and 10% trailing max drawdown.
- Enter FT20 in the discount field at checkout and apply it before paying. The total should drop by a fifth.
- Pay by card or crypto. Eightcap Challenges processes crypto funding through Coinpayments.
- Check the price on screen against the table above. If the discount has not landed, do not pay and refresh the checkout, because the code is applied at the payment step and not carried by the link alone.
Is it worth buying at 20% off
It depends entirely on how you trade. The thing Eightcap Challenges has that almost nobody else in this category has is broker-owned execution. Most prop firms rent their execution from a third-party broker, which puts a counterparty in the chain that you never see and cannot assess. Eightcap trades on its own infrastructure, and the group behind it has been running a brokerage for over a decade. That is a real structural difference rather than a marketing line.
It also publishes its withdrawal denial rate at 1.74%, with reasons, and states plainly on its own site that the prop products are not issued under the group’s regulated permissions. Very few firms disclose either of those. Payouts are typically processed the same day, though anything under $100 has to be taken in crypto.
Against that, news trading is prohibited, there is a 60 second minimum hold that rules out fast scalping, the 90% profit split needs a paid add-on and the standard split is 80%. The operating entity is Eightcap International Ltd in Seychelles, so the ASIC, FCA and CySEC licences held by the group do not cover the challenge product. The payout record only starts in July 2025.
Our read: FT20 makes a first account at the smallest size an easy decision, because $55 is a low price to test whether the rules suit you. It does not make a $200,000 account a good idea until the payout record is longer. Traders shopping the category should compare against the CFD prop firm rankings first, since several firms score higher on rules and cost while giving up the broker-owned execution.
FAQ
What is the Eightcap Challenge coupon code?
The code is FT20. It takes 20% off any Eightcap Challenges evaluation, One Phase or Two Phase, at any account size from $5,000 to $200,000. It was live at the time of writing on 9 September 2026.
How much does FT20 save on the $50,000 challenge?
About $86. The $50,000 One Phase challenge lists at roughly $429, and 20% off brings it to roughly $343.
Is there a bigger Eightcap Challenges discount than 20%?
We have not found one that works. The codes on the main coupon sites, including VETTED, are 10%. A few generic coupon databases advertise up to 30% without naming a code that produces it, and we could not reproduce that discount at checkout.
Does the coupon code work on the Two Phase challenge?
Yes. FT20 applies to both the One Phase and the Two Phase evaluation. The Two Phase entry tier lists from $59, so 20% off brings it to about $47.
Does Eightcap refund the challenge fee after a payout?
No. Eightcap Challenges does not refund the evaluation fee at any account size, even after you reach payout. This is the single biggest cost difference between Eightcap and most firms at the same price, and the coupon code does not change it.
Does FT20 expire?
No end date is published for FT20. We re-check the code against the live checkout before updating this page, and we date the check at the top. If the code stops working, tell us and we will pull it.
Is Eightcap Challenges legit?
Eightcap Challenges is operated by Eightcap International Ltd, the Seychelles company in the Eightcap broker group, which has traded since 2015 and holds ASIC, FCA and CySEC licences. The firm states on its own site that the prop products are not issued under those permissions, so the licences cover the brokerage rather than the challenges. It also discloses a 1.74% withdrawal denial rate with the reasons, which almost no prop firm does. The real risks here are the trailing drawdown, the non-refundable fee and a payout record that only begins in July 2025, not the question of whether the company exists.